Video & Transcript Research : 'depreciation schedule'

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OK

Oklahoma 2026 Regular Session

Business and Insurance 2ND REVISED Mar 5th, 2026

Business and Insurance

Summary: The Business and Insurance Committee considered a series of bills focused on credit card interchange fees, insurance regulation, alcohol licensing, utility contractor authority, medical marijuana bonding, and business liability. Senators Thompson’s SB 2102 and SB 1940 sought to limit swipe fees on large financial institutions and on taxes and tips, respectively; both passed after questions about the asset thresholds and their impact on merchants and banks. SB 1625, by Senator Fricks, would let the Oklahoma Insurance Department prepare impact analyses on health benefit plan legislation, and passed unanimously. SB 1442, by Senator Dossett, lowered distiller licensing fees, created a microdistillery license, and restored a liability insurance proof requirement through an amendment; it passed 11-0. SB 1623, by Floor Leader Daniels, would revise the state credit union charter and passed 11-0. SB 1242, by Senator Hamilton, increased the bond required for medical marijuana grows from $50,000 to $100,000 and passed 10-0. The committee also heard SB 1949 from Senator Logan, which would allow utility contractors to work closer to buildings on private property, up to five feet from structures, instead of stopping at the property line. The bill drew extended questioning from Senator Brooks about permitting, training, liability, and the relationship between utility contractors and plumbers; an industry representative testified that utility contractors already do much of the work under licensed plumbers and that the bill would reduce costs and speed projects, especially in rural areas. SB 1949 passed 8-2. Senator Reinhardt’s SB 1592 and SB 1913, both insurance-related committee substitutes, were described as ongoing negotiations aimed at homeowner insurance transparency and consumer protections; members were told the bills were still being refined, but both passed, 9-1 and 10-0, respectively. Additional measures included SB 592, which would let distributors issue credits to retailers after repeated product replacements, aimed at reducing losses from poor inventory control at large retailers; it passed 9-0. SB 992 would provide civil liability protection for businesses and property owners when violent criminal acts occur on their premises, except in cases of gross negligence; it prompted debate over gun-free zones, security, insurance, and whether the bill would reduce incentives for safety measures, but passed 5-3. Finally, SB 1241 created the Oklahoma Fraud and Ticketing Accountability Act to address fake tickets, bots, deceptive resale websites, and venue liability in the live-event market; supporters included arts venues, and the bill passed 8-0. The committee adjourned after completing its agenda.
AZ

Arizona 2026 Regular Session

02/18/2026 - Senate Public Safety

Public Safety

Transcript Highlights:
  • authorizing MDMA treatment are met, the commission must assign treatment reimbursement values in its schedule
  • authorizing MDMA treatment are met, the commission must assign treatment reimbursement values in its schedule
FL

Florida 2026 Regular Session

Education Pre-K - 12 Jan 20th, 2026

Education Pre-K - 12

Transcript Highlights:
  • public records exemption for specific examination and assessment instruments in the classroom, is scheduled
  • We will return to our regularly scheduled program.
  • We will return to our regularly scheduled program. Welcome, Senator Avila.
  • So each and every school district gets to put their schedule together, right?
  • And have that time in order for them to develop their planning. ...and their scheduling.
Summary: The Education Pre-K through 12 Committee considered and reported favorably several bills. SB 1036 on school counselors was amended to clarify certification exemptions and passed, with support focused on addressing counselor shortages and student mental health needs. SB 1136 on dental screenings for K-12 students was converted by delete-all amendment to place the screening definition in the School Health Services Act and to require written parent notice and exemption procedures; it passed with support from PTA and other advocates. SB 920 on mathematics education passed after discussion of applied algebra courses tied to career pathways, while preserving Algebra I standards, end-of-course testing, graduation requirements, and university admission eligibility. SB 178 on athletics and public K-12 schools also passed after amendment adding a $15,000 annual cap on coach-provided personal support per team and discussion of guardrails to prevent recruiting abuses; members emphasized the role coaches play in supporting students. SB 1216 on public school personnel compensation passed with broad support for giving districts more flexibility on pay, cost-of-living adjustments, and advanced degree compensation. The committee also approved SPB 7022, a public records exemption bill extending protections for examination and assessment instruments to 2031 and clarifying coverage for district and school materials. SB 464 on observance of Veterans Day in K-12 schools passed after debate over whether schools should be closed or use the day for programs, with supporters arguing for statewide consistency and honoring veterans. Finally, SB 538 on physical education passed after a delete-all amendment establishing standardized extracurricular participation rules for public, private, virtual, and home education students, addressing coach compensation at the district level, and clarifying participation limits across schools. The committee recessed briefly for Senator Avila’s arrival, postponed SB 430, and adjourned after recording one additional favorable vote on SB 1036.
TX

Texas 89th Regular

Transportation Apr 22nd, 2025

Transportation

Transcript Highlights:
  • engineering contractor 90 days in advance of the need to slow, stop, pause, or alter a contract schedule
  • requires TxDOT departments to internally report any notices to slow, stop, pause, or alter a contract schedule
  • Slow is if you were scheduled to bill $5,000 a month—maybe they tell you to cut that in half and say
AZ

Arizona 2026 Regular Session

01/15/2026 - House Floor Session

Arizona House Floor Meeting

Transcript Highlights:
  • No, what the bill does is change the depreciation schedule.
  • It's also a vote against accelerated depreciation for 700,000 small businesses in our state, 600,000
Keywords: 1182, all
AZ

Arizona 2026 Regular Session

01/15/2026 - House Floor Session

Arizona House Floor Meeting

Transcript Highlights:
  • No, what the bill does is change the depreciation schedule.
  • It's also a vote against accelerated depreciation for 700,000 small businesses in our state, 600,000
Summary: The House convened, approved the journal, recognized the Doctor of the Day, and welcomed several guest groups, including JAG students and students from Heila Ben High School. The chamber then moved into Committee of the Whole to consider HB 2153, the annual tax conformity bill, which was described by supporters as aligning Arizona tax law with recent federal changes and providing relief through no tax on tips and overtime, a larger child tax credit, a new child care expense deduction, and a deduction for certain retirement income. Opponents argued the measure would primarily benefit wealthy individuals and corporations, reduce state revenue, and leave some seniors out because the retirement-income deduction is tied to retirement accounts. Members also discussed the Department of Revenue’s already-issued tax forms and the need for certainty for filers. After extended debate, the Committee of the Whole gave HB 2153 a do pass recommendation by a vote of 31-26, and the House adopted the report and sent the bill to engrossing. The House then took up the Senate mirror bill, SB 1106, substituted for HB 2153, and after floor explanations of vote, passed it 31-27 with 2 not voting. Supporters said the bill would help working families, seniors, and small businesses and prevent filing confusion, while opponents repeated concerns about cost, fairness, and impacts on public services. The bill was transmitted to the Senate. Following the tax vote, members made several announcements, including birthday wishes and a tribute to Dr. Martin Luther King Jr., and committee chairs announced upcoming cancellations. The House then recessed and reconvened for first reading and referral of a long list of new bills covering topics such as elections, health care, education, transportation, public safety, taxation, housing, and appropriations. The session ended with a motion to adjourn until the next scheduled meeting.
TX

Texas 89th Regular

State Affairs Apr 23rd, 2025

State Affairs

Transcript Highlights:
  • One of our three full-time scheduled employees is almost completely tied up with managing Texas permits
  • The bill is structured where you have to continue to invest 300% of your annual depreciation.
  • It somewhat works itself out over time because as this growth cycle ends and as our depreciation grows
WA

Washington 2025-2026 Regular Session

Senate Ways & Means Feb 23rd, 2026 at 04:00 pm

Ways & Means

Transcript Highlights:
  • PSE opposes cuts to transition to kindergarten, local effort assistance, school bus depreciation, and
  • Bus depreciation moving to 15 years keeps older equipment on the road longer, almost ensuring that costs
  • So I wanted to say thank you for fully funding the scheduled July 1, 2026, rebase for assisted living
  • Thank you for fully funding the scheduled July 1, 2026, rebase for assisted living.
  • We are scheduled to move the budget out of committee on Wednesday evening.
Bills: SB5998
WA

Washington 2025-2026 Regular Session

Senate Ways & Means Feb 23rd, 2026

Transcript Highlights:
  • And extending bus depreciation to 180 months shifts additional pressure onto districts already managing
  • PSC opposes cuts to transition to kindergarten, local effort assistance, school bus depreciation, and
  • Bus depreciation moving to 15 years keeps older equipment on the road longer, almost ensuring that costs
  • So I wanted to say thank you for fully funding the scheduled July 1, 2026, rebase for the assisted livings
  • We are scheduled to move the budget out of committee on Wednesday evening.
Summary: The committee held a public hearing on the Senate operating budget proposal, beginning with a staff briefing from James Kettle. He described the budget as built on relatively flat revenue after multiple forecast updates, with substantial mandatory cost growth, especially in Health Care Authority, DSHS, and DCYF. He highlighted major policy-level additions and savings, including large tort liability costs, continued support for long-term services, reductions tied to child care and K-12 items, several assumed revenue bills, and major transfers from reserves and other accounts. Kettle also noted the four-year outlook remained positive overall, with about $1 billion ending fund balance in the final year and roughly $3 billion in total reserves. A committee member asked about a diagram showing the loss of federal funds, and staff said they would follow up. Public testimony then focused first on K-12 education, where school leaders, teachers, OSPI, PTA, and rural district representatives largely opposed the proposed cuts to local effort assistance, transition to kindergarten, bus depreciation, and related school funding items. Many argued the reductions would disproportionately harm rural and property-poor districts and weaken early learning access, while several students and educators spoke in favor of career and technical education and IT Academy funding. The committee also heard support for wildfire prevention funding from the Commissioner of Public Lands, who thanked the Senate for restoring those dollars but raised concerns about recreation program reductions. Higher education testimony was mixed but generally supportive of the Senate proposal compared with the governor’s budget. Community and technical college leaders warned that the budget still shifts compensation costs to tuition and reduces Running Start funding, while university representatives from Western, Eastern, Central, WSU, and UW thanked the committee for avoiding deeper cuts. Private vocational college students and administrators urged extension of Washington College Grant eligibility for students already enrolled, and others asked to preserve IT Academy and related certification funding. In early learning, child care and advocacy groups praised the decision not to cap Working Connections Child Care but warned that child care and transition to kindergarten still bear a disproportionate share of cuts; they also requested continued support for Dolly Parton Imagination Library and Pierce County early childhood programs, including Family Connects. The hearing continued with testimony on employee compensation, mental health, and human services. State employee and retiree groups supported the budget’s COLA and wildfire funding but objected to cuts in retiree health benefits. Behavioral health and public safety advocates supported mentoring, Trueblood-related funding, crisis stabilization, and the Recovery Navigator Program, while others opposed reductions to those programs and to community-based recovery services. In human services, witnesses thanked the committee for funding victim services, child welfare supports, health homes, adult day care, community health centers, energy assistance, and disability services, while urging the committee to avoid further reductions to skilled nursing, case management, and recovery navigation. No votes were taken during the hearing.
WA

Washington 2025-2026 Regular Session

Conference Committee: ESSB 5998 Mar 11th, 2026

Transcript Highlights:
  • There is the bus depreciation calculation change, extending the depreciation timeline for school buses
  • Also some funding... ...depreciation timeline for school buses to 15 years.
  • Also, there are savings related to changes in the depreciation formula for grants used to purchase zero-emission
Summary: The conference committee on Engrossed Substitute Senate Bill 5998 met to review the operating budget conference report. House and Senate budget coordinators walked through comparison documents showing the Senate-passed budget, House-passed budget, and the conference proposal, including statewide totals, agency detail, revenue assumptions, transfers, and the four-year outlook. They said the conference budget uses the February 2026 ERFC forecast, includes an $880 million transfer from the budget stabilization account to the general fund, and reflects a four-year net near-general-fund impact of about $800 million, with an ending fund balance of $231 million in 2025-27 and $563 million in 2027-29. They also noted that future collective bargaining agreements are not included in the outlook beyond those already settled. The briefing highlighted major policy items across the budget, including Working Families Tax Credit expansion, a proposed city and county fiscal health account, changes to Working Connections child care attendance payments, behavioral health facility and staffing adjustments, long-term care funding for certain non-citizen residents affected by federal changes, Apple Health and other health-related responses to H.R. 1, K-12 changes such as free school meals contingent on related legislation, Running Start and transportation depreciation adjustments, higher education administrative reductions, corrections staffing and bed changes, wildfire response funding, and state employee compensation agreements. Members also discussed the budget’s reliance on revenue measures and transfers, including legislation referenced as 2487, 6228, 6231, and 6346. After the presentation, Senator Robinson moved adoption of the conference report and passage of the bill as recommended by the committee. In discussion, supporters said the budget protected core services and responded to federal H.R. 1 impacts, while opponents criticized the size of the budget, the use of reserves, future outlook assumptions, and reductions in some K-12 and other programs. The committee then voted 4-2 to recommend the conference report and ESSB 5998 to the legislature, with Representatives Gregerson and Ormsby and Senators Robinson and Stanford in favor, and Representative Couture and Senator Gildon opposed.
WY

Wyoming 2026 Regular Session

House Floor Session-Day 5, February 13, 2026-AM

Wyoming House Floor Meeting

Transcript Highlights:
  • Appreciate you taking the time out of your schedule to come up and sit with us and watch this process
  • </c> your driving records or schedule your driving records or schedule appointments.<01:18:41.760><c>
  • The department's depreciation reserve account can only be utilized for cloud services.
  • So the um the<01:21:23.679><c> department's</c> the department's the department's depreciation<01:21:
  • reserve account to pay for depreciation reserve account to pay for this<01:21:39.760><c> request.
Keywords: 916, all
CA
Transcript Highlights:
  • Long production schedules can complicate compliance with state budgeting rules, contracting, Department
  • Looking at streamlining the schedule, we don’t see issues with pickup trucks and SUVs.
  • same vendors and manufacturers for many years and historically experienced predictable delivery schedules
  • many of us that have very robust equipment replacement programs, but those are based on normal depreciation
  • many of us that have very robust equipment replacement programs, but those are based on normal depreciation
Summary: The committee held an informational hearing on the rising cost and long delivery times for fire apparatus and related equipment, with opening remarks stressing that aging fleets, supply chain problems, and delayed replacements are affecting emergency readiness across California. Cal OES and Cal Fire described statewide procurement challenges, including higher prices, multi-year delivery timelines, two-year encumbrance limits, and the strain on mutual aid when engines remain in service beyond their intended replacement cycles. Cal Fire said it operates 537 engines, with 300 meeting replacement criteria and 243 at least 16 years old, and explained the difference between mandatory contracts and one-time acquisitions. The Department of General Services said vendors have cited labor costs, chassis pricing, and the need for longer production timelines, while also noting that statewide contracts can include nominal price increases but not open-ended price hikes. Local fire chiefs from Santa Barbara County, Los Angeles County, Napa, and Fullerton testified that apparatus prices have risen sharply while delivery times have stretched from under a year to three to five years or more. They described specific examples of engines and ladder trucks costing far more than prior purchases and arriving years later, forcing departments to keep older reserve apparatus in service, spend more on maintenance, and defer other budget priorities. Several witnesses said industry consolidation has reduced competition and contributed to delays and price increases, with Los Angeles County and Fullerton noting they have pursued antitrust complaints and litigation against major manufacturers. Napa also described proprietary parts and software limiting in-house repairs, and Santa Barbara County said a vendor’s unfulfilled delivery promise caused the department to lose its place in line. Members asked about possible solutions, including whether the state should consider manufacturing apparatus itself, whether procurement rules or prototype requirements could be streamlined, whether DGS staffing or contract processes could be accelerated, and whether more stable long-term purchasing commitments would help manufacturers plan production. Witnesses said safety-driven specification changes are necessary but can add time, and that the main bottlenecks are industry capacity, consolidation, and vendor performance. The vice chair raised concerns about how grant funding windows and local matching requirements are affected by multi-year delays, especially for small and rural departments that rely on grants and on used apparatus passed down from larger agencies. No votes were taken; the hearing concluded with committee members indicating interest in possible legislative, regulatory, and antitrust follow-up.
MO

Missouri 2026 Regular Session

Special Committee on Property Tax Reform Feb 3rd, 2026 at 12:00 pm

Special Committee on Property Tax Reform

Transcript Highlights:
  • And the reason I say that is because of the lack of depreciation.
  • I live in a house that I shouldn’t be living in because it’s 60% depreciated.
  • So our problem is depreciation.
  • And it was depreciated out 85%. It made the value about 13,000.
  • And then we really need to look at this depreciation side, especially for our county.
Keywords: 959, house, all
Summary: The committee met in executive session on several property tax bills and amendments. On House Bill 2709, members debated a substitute combining HB 2709 and HB 2671, and an amendment by Representative Steinhoff to separate the Hancock-by-subclass language from a personal property tax provision failed on a voice vote. The substitute was adopted, and the House Committee Substitute for HB 2709 and HB 2671 was voted do pass by a roll call of 14 yes and 5 no. HB 1759 was then voted do pass after Representative Dolan noted expected floor tweaks; the roll call was 12 yes and 7 no. On HB 2925, Representative Fowler offered Amendment 04H to remove the requirement that property tax elections be held in November and replace it with an affirmative-consent standard requiring at least 25% of registered voters to approve. Members debated turnout, election timing, and whether the change should be handled separately; the amendment failed 5 yes to 14 no, but the bill itself passed 11 yes to 8 no. The committee then moved into public testimony on House Bill 2415, which would require assessors to use the cost approach rather than the market approach for valuing buildings, while still valuing land by market approach. Representative Van Schoiack said the bill would help address over-assessment in larger counties and under-assessment in rural counties, and that assessors already have cost-approach software. Supporters argued it would create more objective and consistent valuations and help taxpayers facing rising assessments and tax sales. Opponents and assessors testified that assessors already use multiple approaches depending on the property, that cost approach works best for new construction and rural areas but can be highly subjective for older buildings because of depreciation, and that mandating one method could reduce accuracy and flexibility. Several witnesses urged leaving assessors discretion to choose the appropriate method and raised concerns about transition effects and possible unintended consequences. The committee also heard House Joint Resolutions 148 and 111, sponsored by Representatives Coleman and Taylor, to bring Kansas City Public Schools and related charter schools under Hancock-style property tax rules. The sponsors said KCPS is the only district still exempt from Hancock due to old court orders, and that the change would put it on the same footing as other districts while preserving current revenue levels. KCPS Superintendent Jennifer Collier and legal counsel opposed the resolutions as written, saying the district agrees it should eventually come under Hancock but wants to first place a voter-approved operating levy on the ballot in April 2027. They warned that immediate removal of the exemption could cut operating revenue sharply and harm KCPS and charter schools, and argued the timing and wording would force the district to return to the legislature rather than resolve the issue locally. The hearing ended with testimony from both supporters and opponents, and no final action was taken on the resolutions in the portion provided.
OK
Transcript Highlights:
  • And we're, I don't want to jinx it, but we're currently ahead of schedule this year as well.
  • were to put maybe a more expensive fence on a property and get it appraised and have sort of a depreciating
  • schedule on it.
  • If the next lessee comes in, they pay that depreciated value so that the current lessee is losing it
Keywords: 914, all
LA
Transcript Highlights:
  • And this is perfect timing because the Cameron Ferry is actually on an adjusted schedule right now.
  • If y'all know something about property taxes, you know, the depreciation paid in the last 10 years.
  • If y'all know something about property taxes, you know, the depreciation happens and most of the money
  • depreciates at the beginning.
  • Well, I'm not sure if your assessor depreciates property, but just for the record, in 10 years, every
Summary: The committee first heard and favorably reported House Bill 1175, which updates aeronautics-related definitions to make Louisiana more attractive to the aviation industry. It then approved House Bill 655, giving DOTD clearer authority to contract for operation and maintenance of state ferry systems on a cost-plus basis, with testimony focused on flexibility for the Cameron Ferry and other state-run ferries. House Bill 1037, which reorganizes certain DOTD operations by shifting duties to a chief operating officer and extending work on a unified permitting platform, was also reported favorably, as was House Bill 1174, which recreates the Department of Transportation and Development on a revised cycle. House Bill 714 was voluntarily deferred. The committee next took up several port-related measures. House Bill 871, which would have added two St. Tammany appointees to the Port of New Orleans board, was voluntarily deferred after the author said the timing was premature given ongoing work on the LIT project and regional trade zone issues. House Bill 345, expanding the Rail Infrastructure Improvement Program to include rail infrastructure at ports, was reported favorably. House Bill 713, which would cap the Caddo-Bossier Port executive director’s compensation at the statewide average of the top ten port directors, drew extensive testimony for and against; supporters argued the salary was excessive and the port needed accountability, while opponents said ports are different from one another, the local appointing authorities already oversee the board, and the bill could hurt recruitment. The committee voted 12-1 to involuntarily defer HB 713. House Bill 667, which would change the Caddo-Bossier Port Commission from appointed to elected members, also drew strong opposition over cost, voter confusion, and loss of local appointing authority, and it too was involuntarily deferred by a 12-1 vote. The committee then favorably reported House Bill 743, creating the Harry P. Williams Memorial Airport District in St. Mary Parish, after testimony that the airport should be managed as a dedicated economic development asset. House Bill 836, which would reconfirm members of the Southeast Louisiana Flood Protection Authority East, was amended to move the reconfirmation date from August 1, 2026, to December 1, 2026, to avoid disrupting hurricane-season operations, and was reported favorably by substitute. Finally, House Bill 730, concerning the use of ADS-B aircraft tracking data, was discussed with an amendment limiting the bill’s application to smaller aircraft; the measure was presented as a privacy and safety bill to prevent assessors or others from using ADS-B data to impose fees or taxes on aircraft owners.
LA

Louisiana 2026 Regular Session

Transportation, Highways and Public Works Apr 13th, 2026

Transportation, Highways & Public Works

Transcript Highlights:
  • And this is perfect timing because the Cameron Ferry is actually on an adjusted schedule right now.
  • If y'all know something about property taxes, you know, depreciation... ...time to get there.
  • If y'all know something about property taxes, you know, depreciation happens, and most of the money depreciates
  • Well, I'm not sure if your assessor depreciates property, but just for the record, in 10 years, every
Summary: The committee heard several transportation and aviation measures. HB 1175, by Rep. Turner, updated aeronautics-related definitions and was reported favorably without objection. HB 655, by Rep. Brough, authorized DOTD to use cost-plus contracts for operation and maintenance of state ferry systems, with Secretary Glenn LaDay explaining it was intended to give DOTD flexibility for possible privatization or contracting of ferries such as Cameron; it was also reported favorably. HB 1037, by Chairman Borek, shifted certain DOTD operational responsibilities to a chief operating officer and was reported favorably, and HB 1174, also by Chairman Borek, recreated DOTD and was reported favorably as a cleanup measure. HB 714 and HB 502 were voluntarily deferred. The committee then considered several port-related bills. HB 871, by Rep. Carver, would have added two St. Tammany Parish appointees to the Port of New Orleans board, but the author asked to voluntarily defer it, saying the timing was premature given ongoing work on the Louisiana International Terminal and related access projects. HB 345, by Rep. McMakin, expanded the Rail Infrastructure Improvement Program to include rail infrastructure at ports and was reported favorably. HB 713, by Rep. McCormick, would cap the Caddo-Bossier Port executive director’s compensation at the statewide average of the top ten port directors; after extensive debate and testimony from the port, the Port Association, and Caddo Parish opposing the bill, the committee voted 12-1 to involuntarily defer it. HB 667, also by Rep. McCormick, would change Caddo-Bossier Port commissioners from appointed to elected; witnesses argued it would politicize the board, create election costs, and conflict with the port’s current structure, and the committee again voted 12-1 to involuntarily defer the bill. The committee also advanced local infrastructure and flood-protection measures. HB 743, by Rep. St. Blanc, creating the Harry P. Williams Memorial Airport District in St. Mary Parish, was reported favorably after testimony that the district would help the parish manage the airport as an economic development asset. HB 836, by Rep. Hilferty, would reconfirm members of the Southeast Louisiana Flood Protection Authority East by Senate confirmation; after concerns that the original August 1 date could interfere with hurricane-season operations, the committee adopted an amendment moving the reconfirmation date to December 1, 2026, and then reported the bill favorably by substitute. Finally, HB 730, by Rep. Cruz, was presented to prohibit the use of ADS-B aircraft tracking data to assess taxes or fees on aircraft owners, with an amendment narrowing the bill to smaller aircraft; the discussion continued into questions about enforcement and exemptions for carrier airports.
AZ

Arizona 2026 Regular Session

03/23/2026 - Senate Finance

Senate Finance Committee of Reference

Transcript Highlights:
  • that are done before selling of the bond, the Bond counsel are doing now, like the amortization schedule
  • equipment was initiated before January 1, 2030, after which the equipment would be taxed at 100% of the depreciated
  • corporation or public power entity doing business in Arizona, the equipment is valued at 100% of the depreciated
  • cost of the equipment, which is the original cost less depreciation.
  • Will cost less depreciation. With that, I'd be happy to answer any questions. Thank you.
Summary: The Senate Finance Committee approved the March 16, 2026 minutes and then heard testimony on several bills, with the chair noting that votes would be taken in batches because members were coming and going. HB 2939 would increase the rural qualified facilities tax credit from $20,000 to $25,000 per job for certain projects with initial investment under $2 billion; Lucid Motors supported it as a rural economic development tool, while Senator Epstein questioned the fiscal note and whether the higher credit would actually attract new investment. HB 2950 would authorize tourism improvement areas funded by voluntary lodging assessments to support marketing and tourism promotion; the Arizona Lodging and Tourism Association and Visit Phoenix backed it as a competitive tool for rural and urban destinations, and committee members focused on whether participation was truly voluntary and how the assessments would be administered. HB 2780 made technical conforming changes to Arizona’s property tax lien foreclosure and excess proceeds sale process, building on a prior law that created a mechanism for delinquent property owners to recover equity; the sponsor and a longtime constituent said the changes would fix timing and credit-bid language so qualified entity sales could work in practice. HB 2502 would let certain elected officials in ASRS retire at normal retirement age without resigning their office, with the employer paying the alternate contribution rate; ASRS said it was neutral, and the sponsor argued the bill would treat elected officials more like other ASRS members. The committee then adopted do-pass recommendations for HB 2502, HB 2780, HB 2950, and HB 2939, with each passing on split votes. The committee also adopted a striker to HB 2140, allowing the State Treasurer to invest up to 10% of state trust and treasury monies in physical gold or silver bullion held in secure U.S. depositories. The sponsor and the Sound Money Defense League argued it would diversify reserves and hedge against market disruption, while opponents said gold is volatile, costly to store, and not something taxpayers need the state to buy. HB 2140 then passed as amended on a 4-2 vote. Finally, the committee heard HB 2398, as amended, which requires commercial liability insurance for watercraft rentals and peer-to-peer boat sharing programs, with supporters saying it addresses uninsured rental boats and law enforcement concerns; the bill passed as amended on a 6-1 vote. The committee also heard HB 2999, a major housing-finance bill creating state affordability infrastructure districts to finance public infrastructure through bonds and assessments; proponents said it would lower housing costs by spreading infrastructure costs over time, while contractors and some senators raised concerns about payment risk, impact-fee treatment, and whether savings would reach homebuyers. After adopting a striker and hearing extensive questions, HB 2999 passed as amended on a 6-1 vote.
MO

Missouri 2026 Regular Session

Utilities Feb 4th, 2026

Utilities

Transcript Highlights:
  • Most of the assets that they're talking about here, based on the MACRS depreciation table, would be bottomed
  • 2026, by the time this thing would go back up to 33 and a third, their useful life based on MACRS depreciation
  • They'd be depreciated out. Yep. Okay. Thank you, gentlemen. Appreciate it. Representative...
  • We have three projects here in the state that are scheduled to commence construction this spring.
  • But these other landowners that are adjacent to that are having their property values depreciated, and
Summary: The committee first took up House Bill 2383, Representative Simmons’s bill addressing theft of copper and other infrastructure-related property. After a brief executive session and no further discussion, the committee voted the bill do pass by a roll call of 17 ayes, 1 no, and 1 present. The committee then heard House Bill 2711, sponsored by Representative Deal, which would lower the assessed valuation of broadband communications equipment from 33.5% to 12% for new broadband equipment placed in service after August 28, 2026, with a proposed sunset period discussed as part of a substitute. Representative Deal and several industry witnesses, including AT&T, Verizon, Missouri Cable Association, Missouri Broadband Providers Association, Missouri Chamber, and electric co-ops, argued the measure would improve Missouri’s competitiveness, encourage private investment, and help expand broadband in rural and underserved areas. Opponents, including county assessors, argued the bill would reduce local tax revenue, create unequal treatment, and could become a precedent for other industries. Committee members questioned whether the bill would apply only to new builds or also to upgrades and existing infrastructure, and whether the tax relief would actually drive expansion into rural areas. The committee then began hearing House Bills 2402 and 2816, which deal with solar energy siting and taxation. The sponsors described the bills as setting local assessment rules for solar projects, establishing a per-megawatt valuation, requiring larger setbacks from homes, schools, and churches, and limiting the amount of tillable land that can be used for solar in a county, while also addressing Chapter 100 agreements and decommissioning concerns. Supporters, including Missouri Farm Bureau and county officials, said the bills would provide needed guardrails, local control, and more consistent taxation. Opponents and affected landowners said existing solar projects have caused glare, dust, noise, and property value concerns, while some developers said they wanted clearer statewide rules and consistency for future projects. The committee did not take final action on the solar bills before going into recess.
TX

Texas 89th Regular

S/C on Property Tax Appraisals Mar 6th, 2025

S/C on Property Tax Appraisals

Transcript Highlights:
  • right away, and that immediately impacts the district's cash flow. depending on what their payment schedule
  • Then we're going to develop a model we're going to develop a cost model and a depreciation model that
  • all. 500 homes in that subdivision and so we make the appropriate adjustments and we calibrate our schedule
  • If you are in a market that is either appreciating or depreciating, appreciating and the appraisal district
  • And if you're in a depreciating market and you don't reappraise, then you're you're going to be over
Keywords: 1184, house, all
MO

Missouri 2026 Regular Session

Special Committee on Property Tax Reform Feb 24th, 2026

Special Committee on Property Tax Reform

Transcript Highlights:
  • And each individual car is still depreciating in the normal way that cars depreciate generally.
  • But the actual... ...depreciating in the normal way that cars depreciate generally, but the aggregate
  • normal good times when people are buying new cars at a higher rate than the existing cars are depreciating
Summary: The Special Committee on Property Tax Reform met in quorum and first took up House Bill 2780 in executive session. Members discussed a committee substitute and two amendments. One amendment changed the proposed school levy floor from $1.50 to $2.20, with supporters saying it better balanced local effort and taxpayer relief; another technical amendment clarified confusing language about levy limits. After adopting the substitute and amendments, the committee voted House Committee Substitute Number Two for HB 2780 do pass by 11-5. The committee then considered House Bill 2668, which bundled several property tax election and ballot-related changes, including tax abatement language, clearer ballot wording, alphanumeric designations, debt-service clarification, a November election requirement for property tax increase measures, and related bond language. Members asked whether new construction language remained in the bill, and the sponsor said it did not. The committee adopted the substitute and then voted House Committee Substitute Number Two for HB 2668 do pass by 9-6. Next, the committee heard and approved House Bill 2944 after adopting Amendment 06H. The amendment, offered with support from county collectors and the sponsor, would streamline administration of senior property tax credits by reducing annual reapplication burdens, allowing county offices to verify eligibility through state resources or lists, and adjusting deadlines for mailed payments and assessor notices when postal delays or technical problems occur. Members raised questions about trusts, residency, fiscal impact, and whether the language was broad enough, but the amendment was adopted and the committee then voted the substitute do pass 15-0. In public hearing, Representative Taylor presented House Bill 2667, which would allow counties to create a prorated property tax credit for totaled motor vehicles and would also exclude increases in aggregate personal property valuation from being treated as new construction. Committee members and an informational witness from the Missouri Special Districts Association raised concerns about fairness, administrative complexity, multi-county district consistency, and possible impacts on special taxing districts. No vote was taken on HB 2667 before the hearing was closed and the meeting adjourned.